Current Rural Housing USDA Income Limits

Please see the new income requirements for Florida USDA Development in 2015. Great news, most of the counties in Florida has increased so more homebuyers can now qualify. Income limits vary from county to county. Remember, other deductions related to child care expenses, disability, elderly, etc and also be applied. However, all working members of the household must be included in the income limits, just not those on the USDA loan application. As of 12/1/2014 – Full time students income is essentially except from the household income calculation.

Please insure to contact www.UsdaMortgageSource.com for any questions related to the USDA Rural Development eligibility requirements here in Florida.

COUNTIES

1- 4 person household

5 – 8 person household

All FL & VI counties EXCEPT those listed below:

$74,750

$ 98.670

Clay, Duval, Nassau, St Johns

$77,400

$102,168

Collier

$83,750

$110,550

Manatee and Sarasota

$75,200

$99,264

Okaloosa

$78,650

$103,818

Palm Beach

$87,550

$115,566

NOT ELIGIBLE are Broward, Pinellas and Monroe

Add 8% of 1-4 person limit for each person in excess of 8 persons.

Attention Florida first time homebuyers – now is great time to achieve your dream of homeownership. Interest rates are at all time lows and property values are again affordable. Why rent when you can own a home for less? Learn more about the benefits of 100% no money down USDA mortgages here in FL by calling 904.302.6060 or visiting www.UsdaMortgageSource.com

Located in a major city like Jacksonville, Orlando, Tampa, Miami West Palm Beach? outside of the USDA eligible zone? Please visit www.FiveStarsMortgage.com to learn more about the other home loan options available in Florida.